U.S. exports of normal butane averaged nearly 500,000 barrels per day (b/d) during 2024, up 12 percent compared to the previous year, according to a March 6 report published by the U.S. Energy Information Administration. The U.S. is exporting record volumes of normal butane, in line with increasing global demand for liquefied petroleum gases (LPG)…....
The Government of Canada on March 5 announced the signing of a preliminary contract with AtkinsRéalis to lend $304 million for four years for the development of a novel, large-scale, natural uranium–fuelled Canadian deuterium uranium, or CANDU, nuclear reactor. The objective is to innovate the nascent nuclear reactor technology further and deploy the design for…...
The U.S. Energy Department on March 5 approved an liquefied natural gas export permit extension for Golden Pass LNG terminal. The approval will allow extra time to start LNG exports from the terminal, which is currently under construction in Sabine Pass, Texas. The approval follows an executive order issued by President Donal Trump on Jan…....
The U.S. Environmental Protection Agency on March 4 canceled 21 more Biden-era grants worth more than $116 million in its third round of grant cancellations. Last week, the agency in partnership with the Department of Government Efficiency, canceled 20 grants totaling more than $60 million. The latest order brings the total value of the canceled…...
The White House on March 3 confirmed that the Trump administration would proceed with the 10 percent tariff on Canadian energy resources effective March 4. Last month, the administration announced its intent to impose a 10 percent tariff on Canadian energy resources and 25 percent tariffs on other goods from Canada and Mexico. Several leaders…...
The U.S. Energy Department on Feb. 28 took action to facilitate the use of liquefied natural gas as marine fuel to power vessels. The department announced an order revising a previous directive given to JAX LNG under the prior administration, which had introduced new regulatory oversight on the use of LNG for fueling marine vessels,…...
The Massachusetts Department of Public Utilities on Feb. 28 ordered a $500 million reduction in budget for the 2025-2027 energy efficiency plan to limit costs to ratepayers. The three-year plan was proposed by the state’s electric and gas utilities and the Cape Light Compact, which administer the Mass Save energy efficiency program. Mass Save’s budget…...
The Michigan Public Service Commission on Feb. 27 approved a staff proposal establishing financial incentives and penalties for electric utilities to improve their performance and enhance grid reliability. The proposal includes metrics to measure utility performance about reliability, safety, and other factors that will encourage utilities to expedite distribution system upgrades and improve grid reliability…....
The UK’s Office of Gas and Electricity Markets (Ofgem) announced on Feb. 25 a 6.4 percent increase in the energy price cap for the period April to June 2025. The price cap will increase by £111 for an average household annually. For an average homeowner for dual fuel this amounts to £1,849 per year, up…...
The 42nd quarterly carbon auction held by California and Quebec sold all of the nearly 51.5 million carbon permits offered under the current auction at a price of $29.27 per allowance, above the floor price of $25.87, according to the results released on Feb. 26 by the California Air Resources Board. The current auction clearing…...
The U.S. Environmental Protection Agency announced the cancellation of 20 grants totaling nearly $61 million as part of a broader initiative to eliminate funding for programs associated with diversity, equity, inclusion, or DEI, and environmental justice, which the current administration deems as wasteful. This marks the second round of cancellations, in collaboration with the Department…...
U.S. electricity producers plan to retire 12.3 gigawatts (GW) of generation capacity during 2025, up 65 percent compared to retirements during 2024, according to an Feb. 25 report published by the U.S. Energy Information Administration. During 2024, 7.5 GW of generation capacity was phased out from the U.S. electricity grid, the lowest capacity of retirements…...
